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Item F47 Revised 2/95 BOARD OF COUNTY COMMISSIONERS AGENDA ITEM SUMMARY Meeting Date: November 21.2000 Bulk Item: Yes [g/ No 0 Division: County Administrator Department: County Administrator AGENDA ITEM WORDING: Approval to rescind Resolution Number 279-2000 that was approved on Auaust 16th and rescind approval to execute Contract with Metropolitan Life Insurance Company (Metlife). ITEM BACKGROUND: BOCC approved above resolution allowina us to use Metlife as an alternative Deferred Compensation Provider and execute Contract and numerous administrative documents for the performance of said contract. Metlife has failed to execute said documents since Auaust 16. 2000. and now has advised us that they are unable to provide us a sianed contract in the format as oriainally provided to the BOCC . PREVIOUS RELEVANT BOCC ACTION: Approval of Resolution and Contract on Auaust 26. 2000. STAFF RECOMMENDATION: Approval. TOTAL COST: ~ COST TO COUNTY: ~ REVENUE PRODUCING: Yes 0 No [g/ BUDGETED: Yes 0 No 0 AMOUNT PER MONTH YEAR APPROVED BY: COUNTY ATTY 0 OMB/PURCHASING 0 RISK MANAGEMENT o DIVISION DrRECTORAPPROVA~ -J~ , James L. Roberts DOCUMENTATION: INCLUDED: 0 TO FOllOW: 0 NOT REQUIRED: 0 DISPOSITION: AGENDA ITEM #: I. FlI1 NOV-08-00 12,14 FROH,HONROE COUNTY ATTV OFFICE 10,3052923516 PACE 1/2 '-188 ~ RE.SOllJTYON NO. ~ County Administrator -2000 A RESOUITION OF THe BOARD ~ OOUNTY COMMISSIONERs OF ~ COUNTY, FLORIDA RESaNMN6 RESOLUTION NO. 279-2000. WHICH APPROVED METRoPOlITAN lIFE INSURANCE COMPANY (ME1UFE) AS AN AL TERNAnVE PROVIDER OF A QUAUFIeD DEFERRED COMPENSATION PLAN TO COUNTY EMPLOVEeS. WHEReAs, cat the AUJUSt 16, 2000 BOCC meatins. the Board ...roved Metlife t1t became a deferred compensation provider for Monro. County employees; and WHEREAS. Metlif. has failed to respond to requests to execute ttae necessary documents: now, therefore BE IT RESOLVED BV THE BOARD OF COUNTY COMMISSIONERS OF MONROE COUNTY. FlORIDA that the cabcwe referenced Resolution approving Metlife. is hereby rescinded. PASSED ANI) ADOPTeD by the Board of Caurrty Commissioners of Monroe County. Florida, at a regular meeting of said Board heW 011 the day of~, 2000. Commissioner Charles McCoy Commissioner MumIy Nelson Commissioner George -Neugent Cammissioner Dixi. Spehar Commissioner Nora Williams (SEAL) Attest: DANNY L.KOlHA6E, Clark IOARD OF COUNTY COMMISSIONERS OF MONROe COUNTY, FLORIDA 8y, Deputy Clerk By, Mayor/Chairperson ~ndmeTljf.